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Board authorizes initial $3.5M for MSU Bozeman housing site work for a larger $50M project
Summary
Regents approved up to $3.5 million to begin site preparation and infrastructure work for new housing at MSU Bozeman, part of a project with estimated total construction costs up to $50 million to be funded from auxiliary revenues.
The Board granted MSU Bozeman permission to spend up to $3.5 million to begin construction-phase site preparation for new student housing, including removal of dilapidated structures and installation of expanded utilities. Director of Facilities Dan Stevenson characterized this as the first phase; the estimated total construction cost for the new housing was stated as up to $50 million, with funding to come from auxiliary revenues.
The motion to authorize the initial work (ITEM 224-2005-R0526) was made by Regent Carter Jasper and approved unanimously (7-0). Board discussion noted the phased approach and the funding mechanism but did not add conditions to the authorization at this meeting.
